Re: Some media links for GNH-thanks for that, renaissance!!!
in response to
by
posted on
May 04, 2011 12:07PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
That interpretation was well written and informative. There is really not too much new in that speech by Mr. Candido. I do like the last line that he made in that spiel...
"Last year we did 18000 meters of drilling, which is more than was done during the previous 30 years.This year, we think we will do at least the same amount of drilling, maybe more."
Now, it is My belief that there is no way that this can be accomplished with one drill only. I think that there is a plan in place to get a second drill on this property.
They are being fiscally prudent with "your and my money" and checking in with a company to make entirely sure that they are spending the least amount of money for the best results achievable... So they spend 50 or 100 thousand dollars for ??? (SGF?) to create a plan to follow to get the resource estimate up and started as quickly and frugally as possible... Smart, in my opinion. Now, get the plan in place and THEN get that second drill hired.
Good on them. I applaud Frank and the efforts of the BOD for their work!~!~! The share price is the share price. The share price will NOT be 18 cents when they have a start of a 43-101 with perhaps 25 million tons at grades of 3 grams/ton etc... This is what I have been led to believe is a benchmark for the first resource estimate... Will this be the case? I sure hope so. We'll have to wait to see like everyone else by Q4 this year or perhaps Q1 of next... And the way things work in the Exploration Business, don't get all wigged out if it only comes out in Q2 of next year!!! There, it's been said. NO complaining about this. It will come when it comes!
My investment is safe and secure in Golden. I have been picking up a couple of thousand shares here and a couple thousand there. I haven't sold any yet (much to my chagrin) but I still believe in the resource that this company has.
Herb